Davis Polk advised Merrill Lynch, Pierce, Fenner & Smith Incorporated as lead arranger in connection with an amendment to Tempur Sealy International, Inc.’s existing $1.44 billion senior secured credit facilities under which Bank of America, N.A. acts as administrative agent. Among other things, the amendment provides Tempur Sealy with enhanced flexibility in the acquisition of existing and future licensees, distributors and joint ventures; as well as the potential acquisition of other strategic international brands in existing Tempur Sealy markets and with increased flexibility to make other acquisitions.

Tempur Sealy International, Inc. is the world’s largest bedding provider. Tempur Sealy develops, manufactures and markets mattresses, foundations, pillows and other products. Tempur Sealy’s brand portfolio includes many of the most highly recognized brands in the industry, including Tempur, Tempur-Pedic, Sealy, Sealy Posturepedic, OptimumTM and Stearns & Foster.

The Davis Polk credit team included partner Meyer C. Dworkin and associate Scott M. Herrig. Partner Michael Mollerus and associate Joseph Pahl provided tax advice. All members of the Davis Polk team are based in the New York office.